4/23/2018 Wallingford-Swarthmore School District 2018-2019 Proposed Final Budget April 23, 2018
4/23/2018 Budgetary Priorities Providing equity and excellence in educational programs and supporting the needs of every child Reimaging our educational programs in ways that yield recommendations for repurposing educations, fostering innovation to academic programing, supporting every students achievement, and containing growth in District costs Continuing to close the structural deficit within our ♦> General Fund budget Continuing to our emphasis on long-range planning
4/23/2018 2018-2019 Expenditure Budget by major function Budgetary Debt Service, Reserve, Student $7,567,382 , 9% $400,000 , 0.5% Activities, $1,570,382 , 2% i uppo Instruction, $48,048,831 , 60% Total: $79,927,934
4/23/2018 2018-2019 Expenditure Budget by major object Supplies, Books, Purchased Services, Utilities, Equipment, Benefits, 3.12%, $2,493,118 14.90%, 28.30%, $11,91,289 $22,619,450 ^riffcl^l, Interle^t, Fees, & Transfers* 10.38%, $8,295,212 Budgetary Reserve Total: $79,927,934
4/23/2018 2017-2018 Budget PSERS Effect $ 729,838 $ 1,459,676 $ 46,241 2009-10 4.78% 0.4% $ 1,750,638 $ 875,319 $145,481 2010-11 5.64% 18.0% $1,367,624 $492,305 2011-12 8.65% 53.4% $ 2,735.248 $1,979,962 $612,338 2012-13 12.36% $ 3,959,924 42.9% $724,721 2013-14 $ 5,409,366 $2,704,683 16.93% 36.9% $3,450,209 $ 6,900,417 $745,525 2014-15 21.40% 26.4% $763,098 2015-16 25.84% $ 8,426,611 $4,213,305 20.7% $4,930,862 30.03% $ 9,861,724 $717,557 2016-17 16.2% $10,838,509 $5,419,254 $488,392 2017-18 32.57% 8.5% $11,395,205 $5,697,603 $278,348 2018-19 33.43% 2.6% Total Growth 599.4%
4/23/2018 2018-2019 Revenue Budget Local, 79.50%, $63,538,899 se of, BalaH 0.56^$45f; Total: $79,927,934
4/23/2018 Education Revenue Sources Percent Percent of Revenue of Revenue from State from Local Rank Rank Sources Sources /National Average 46.7% 44.7% - - Delaware 59.8% 11th 33.2% 37th West Virginia 58.1% 14th 31.9% 38th / Maryland 44.3% 30th 49.9% 15th Ohio 42.2% 33rd 50.3% 14th New Jersey 40.3% 37th 55.5% 6th New York 40.6% 53.9% 36th 10th Pennsylvania 37.2% 46th 56.3% 4th .C'2017PSBA
4/23/2018 Reliance on Local Taxpayers Uniformity Clause requires all taxpayers to be assessed on the same basis > Means Residential, Commercial and other property types are taxed based on the County's assessed value Most districts have a mix of Residential and Commercial Property types WSSD has 93.5% Residential and 6.5% Commercial - This is the lowest ratio for Commercial and other types in the state Ranking - Commercial & Lowest County District Residential Others Commercial to Highest Walllngford-Swarthmore Delaware 1 93.50% 6.50% Haverford Township Delaware 89.90% 10.00% 5 William Penn Delaware 85.30% 14.80% 21 Penn-Deico Delaware 25 84.10% 15.90% Upper Darby Delaware 52 81.10% 18.80% Marple Newtown Delaware 67 79.90% 20.00% Springfield Delaware 77.80% 22.10% 96 Rose Tree Media Delaware 101 77.40% 22.60% Radnor Township Delaware 112 77.10% 22.90% Ridley Delaware 131 75.70% 24.30% Garnet Valley Delaware 75.30% 24.70% 137 Southeast Deico Delaware 147 74.70% 25.20% Chichester Delaware 213 69.80% 30.30% Chester-Upland Delaware 369 58.90% 41.00% Interboro Delaware 58.40% 41.70% 378 8
4/23/2018 Proposed 2018-2019 Local Taxes Not eligible for Act 1 exceptions Board passed the Opt Out Resolution Act 1 Index - 2.4% $1,486,894
4/23/2018 Proposed Tax Increase Recommended Tax Increase 2.4% $57,000 $2,583 $179,000 (average) $377,000 $17,086 10
4/23/2018 Happenings???? Will the state budget be completed on time? Will property tax elimination be introduced? Will SB2 be passed and in what form? Current Schedule: 05/24/18 Finance Committee Meeting 06/11/18 Adoption of Final Budget 11
4/23/2018 Why are we here? LEnON ^ 'I.DO EACH 12
4/23/2018 2018-2019 Proposed Final Budget Questions? 13
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